Simpson Thacher represented J.P. Morgan SE as mandated lead arranger and active bookrunner and Nordea Bank Abp, DNB Bank ASA, Skandinaviska Enskilda Banken AB and Deutsche Bank Aktiengesellschaft as passive bookrunners in connection with the establishment of a syndicated incremental term facility for Renta Group, the proceeds of which were used to reprice and upsize its existing term loan B. The transaction completed on December 20, 2024.
Renta Group is a full service equipment rental company operating across the Nordic region and Poland and offering construction machines & equipment, modular on-site facilities, scaffolding and weather protection, as well as related on-site services. It is a portfolio company of IK Partners.
IK Partners (“IK”) is a European private equity firm focused on investments in the Benelux, DACH, France, Nordics and the U.K. Since 1989, IK has raised more than €17 billion of capital and invested in over 195 European companies. IK supports companies with strong underlying potential, partnering with management teams and investors to create robust, well-positioned businesses with excellent long-term prospects.
The Simpson Thacher team included Hadrien Servais, Eline Souffriau and Brian Bodensteiner (Credit).